Fuel costs, higher interest rates, and years of rising food prices are reshaping how people shop for groceries — and big retailers are already adjusting their shelves and pricing to keep up.
The National Farmers Union timed its latest report around Independence Day — showing that family farmers collect less than 12 cents on every dollar Americans spend at the grocery store or the cookout.
Families planning 4th of July cookouts will notice a slight increase in grocery costs this year, with the average bill for ten guests hitting about $73.82.
The United Nations’ Food and Agriculture Organization’s Food Price Index fell 1.2% to 125.1 points in November, marking a third consecutive monthly decline and a new low level since January.
A Grow It Here report released Monday indicates the agricultural labor shortages impacting the American farm industry is impacting producers and pushing prices higher for traditional Thanksgiving foods.
Rabobank says food inflation continues to outpace overall inflation, and restaurants feel the pressure of nine straight quarters of declining traffic, but some chains are bucking the trend and growing in visits and spending.